CSRA (CSRA) Stock Rating Lowered by Stifel Nicolaus

CSRA (NYSE:CSRA) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other analysts also recently issued reports on CSRA. Cowen restated a “hold” rating and set a $35.00 price target on shares of CSRA in a report on Wednesday, October 18th. Wells Fargo & Co increased their price objective on shares of CSRA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of CSRA from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub cut shares of CSRA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research cut shares of CSRA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $36.70.

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Shares of CSRA (NYSE:CSRA) traded up $9.58 during midday trading on Monday, hitting $40.40. 41,938,434 shares of the stock were exchanged, compared to its average volume of 2,348,441. The firm has a market cap of $5,052.13, a P/E ratio of 17.66, a P/E/G ratio of 1.59 and a beta of 1.81. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04. CSRA has a fifty-two week low of $27.38 and a fifty-two week high of $40.58.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. equities research analysts forecast that CSRA will post 2.05 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new position in CSRA in the 3rd quarter valued at approximately $211,000. Intact Investment Management Inc. purchased a new position in CSRA in the 3rd quarter valued at approximately $223,000. Boothbay Fund Management LLC purchased a new position in CSRA in the 3rd quarter valued at approximately $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in CSRA in the 4th quarter valued at approximately $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CSRA by 49.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,630 shares of the technology company’s stock worth $258,000 after purchasing an additional 2,849 shares during the last quarter. 95.91% of the stock is owned by institutional investors.

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CSRA Company Profile

CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.